Common Contracts
1 similar Impoundment Agreement contracts
IMPOUNDMENT AGREEMENTImpoundment Agreement • October 17th, 2014
Date Impoundment Agreement is Entered Into by the Issuer and a Financial Institution Name of Issuer Located At Name of Impoundment Agent (a financial institution) Principal Office Located At WITNESS THAT:WHEREAS, said Issuer proposes to issue to the residents of the State of North Dakota at an offering price of $ per ; and WHEREAS, as a condition of such offering the North Dakota Securities Commissioner (hereinaftercalled the Commissioner) requires that the Issuer provide for the impoundment of$ to be received from such offering of securities; andWHEREAS, the Issuer and the Impoundment Agent desire to enter into an agreement with respect to the said impoundment of proceeds;NOW THEREFORE, in consideration of the premises and agreements set forth herein, the parties agree as follows:1. All proceeds received from the sale of the securities subject to this Impoundment Agreement shall be promptly delivered to the Impoundment Agent for deposit in an escrow account. During the term of this Im
